Open Account #2 with a different bank and invoice between them?
It's not that easy for me to open a bank account if I'm not in the US.
Also, the account would be under my name and it's a direct violation of their ToS. As mentioned a friend's account got closed for a similar reason.
I guess the alternative would be to open another LLC so that my name is not revealed, then transfer from that one. What's supposed to happen with tax declarations and such with that I really have no clue
reply
you may be over complicating things, if you have a US business with EIN you can open as many account with any bank you want.
What’s the need to stay with mercury?
reply
Not really any need to stay with them.
But as far as we've tried, only Relai and another smaller one allowed to open it online only. We've tried plenty of them. Relai is missing many things that Mercury has (for example Relai's debit card often doesn't work withdrawing on ATMs, and they don't allow ACH transfers to most banks).
I visited the US once and was denied by Wells Fargo. I had all the documents, EIN, and all. They told me to visit another branch like a million miles away. My friend succeeded with BoA and WF but only going there physically, and because he had friends who worked at the bank. I'm not planning to go anytime soon.
I'm kind of out of ideas and wishing not to complicate it, hence why I'm looking for options.
BTW appreciate your time and energy to reply
reply
Wise and Revolut don’t need you to be there for example, not sure about the cons
reply
When I tried Wise they didn't allow people who are residents from the country I am from (even if you have an EIN). That might have changed so I'll take a look.
Wise I believe does work. I just wanted to keep my account as I've been using.
Thanks, I think your answers are the best. Enjoy the bounty 💰
reply
I have used Wise to send money from USA to another country. Never had a problem. Their name used to be Travel Wise.
reply
Travel? I think it was TransferWise, or was Travel before Transfer?
reply
You are correct
Transfer Wise!
Not travel wise which is a terrible name
Sounds good. So you can withdraw to your own bank overseas but don't have a debit card? I don't apply for debit card ownership based on their countries.
reply
I'm glad it helps. In case there are also alternative to those two, smaller and less regulated companies maybe make it easier to get things done. Keep us posted!
reply